Compliance in a New Era of Energy Market Manipulation Oversight by Peggy A. Heeg

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05/10/2010

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Energy companies, faced with new laws, overlapping regulatory jurisdiction and substantial penalty authority, must navigate a myriad of regulation ... (More) Energy companies, faced with new laws, overlapping regulatory jurisdiction and substantial penalty authority, must navigate a myriad of regulation designed to prevent manipulation of the energy markets. The Federal Energy Regulatory Commission, the Commodity Futures Trading Commission and the Federal Trade Commission all have authority to prevent market manipulation. Although simple in concept, market manipulation is extremely complex in application. Recognizing that a finding of market manipulation carries the prospect of substantial civil and criminal penalties, energy companies are implementing systematic compliance protocols to monitor, identify and comply with the law. The paper provides an overview of the regulatory framework of energy market manipulation and outlines the regulatory expectation for compliance programs. (This work by Peggy A. Heeg, “Compliance in a New Era of Energy Market Manipulation Oversight,” was published as Occasional Paper 44 by The International Research Center for Energy and Economic Development, 2010. ISBN 0-918714-69-70-2.) (Less)